Context: India will host the 'World Audio-Visual Entertainment Summit – Waves' for the first time in 2025, which will be an important step towards making the country a global content creation hub.

• The prime minister emphasized the pivotal role of young creators in the preparations for WAVES, reflecting the dynamic spirit of India's creative community.

• He expressed pride in the enthusiasm of the country's youth and their contribution to the burgeoning creator economy, a key driver as India advances toward becoming a five trillion dollar economy.

About the Summit

• What it is: A global platform fostering dialogue, trade collaboration, and innovation in the media and entertainment industry.

• Established in: To be held for the first time in 2025.

• Aim: To position India as a global powerhouse in media and entertainment (M&E), promoting innovation, investment, and skill development.

• WAVES would be the first-ever global summit covering the entire gamut of Media and Entertainment industry.

• The event will bring together industry leaders, stakeholders, and innovators to discuss prospects, challenges, promote trade to India, and influence the sector’s future.

• The Summit will also highlight India’s advancements in animation, gaming, entertainment technology and regional and mainstream cinema.

• Vision is to position India as an unparalleled global powerhouse in the dynamic Media & Entertainment landscape while setting new standards of creativity, innovation, and influence worldwide.

• Mission: Empowering global Media & Entertainment leaders with exclusive investment opportunities through the premiere platform of WAVES.

• Objectives is to Position WAVES as a platform to provoke ideas, fuel conversations, facilitate knowledge exchange and engage in meaningful collaborations with M&E industry leaders from across the globe and To drive the country’s Creative Economy through IP Creation for India & for the World.

Key Focus Areas:

• Content Production and Innovation.

• Animation, VFX, and Gaming.

• Music and Intellectual Property (IP) Creation.